[MARKET ANALYSIS] T-note futures remain lacklustre after the prior day's bear flattening
ORIGINAL · Newsquawk[MARKET ANALYSIS] T-note futures remain lacklustre after the prior day's bear flatteningRead originalHide original
USTs: -3 ticks Lacks demand after settling lower yesterday as the curve flattened amid the continued hawkish repricing of Fed expectations and with renewed geopolitical uncertainty after President Trump commented that the US does not need an Iran deal. Bunds: -37 ticks Tested the 122.00 level to the downside after recent selling pressure and with participants awaiting data releases including German Wholesale Prices, European Employment and GDP revisions. JGBs: -62 ticks Tracked the downside in global counterparts as yields climbed higher and with very few fresh catalysts overnight amid a quiet calendar.
Treasury futures remained weak amid hawkish Fed repricing after hot October inflation, with December tightening expectations rising further in Newsquawk’s November 13 wrap.
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USTs: -3 ticks Lacks demand after settling lower yesterday as the curve flattened amid the continued hawkish repricing of Fed expectations and with renewed geopolitical uncertainty after President Trump commented that the US does not need an Iran deal. Bunds: -37 ticks Tested the 122.00 level to the downside after recent selling pressure and with participants awaiting data releases including German Wholesale Prices, European Employment and GDP revisions. JGBs: -62 ticks Tracked the downside in global counterparts as yields climbed higher and with very few fresh catalysts overnight amid a quiet calendar.
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